I love how there is an article for every topic for easy citation. Liam says: I am motivated to better explain basic, Microeconomics explains why people can never have enough of what they want and how that influencespolicies, Albanese promises a productivity project in an economic vision statement harking back to Hawke andKeating, Debate: How financial initiatives that tackle global warming can make a realimpact, Vital Signs: the power of not being tooclear, The internet has done a lot, but so far little for economicgrowth, Five ways to fix the UKs productivity puzzle from the insideout, From Chinese milk to Indian chocolate, behind the worlds, How data empowered the economic individual and gained a Nobel for AngusDeaton, When it comes to economic forecasting, its wise to admit touncertainty, Media broadcast rights and the Prisoners Dilemma(VIDEO), The economics of comparative advantage and Usain Bolt(VIDEO), The economics behind inelastic ticket pricing(VIDEO). Global economies are still subject to the shockwaves caused by the initial rout of Covid-19. Investors are increasingly concerned about climate change, but for the markets to deploy their full capacities, the dominant principles that guide them need to be revised. Nichole Byrd on July 15, 2017: Does spending time on social media cause children to have mental health problems? Latest reports show an economy grappling with higher interest rates but still growing at a decent pace. Elliot Smith Thu, Feb 23rd 2023 Consumer debt hits record $16.9 trillion as delinquencies also rise Jeff Cox Thu, Feb 16th 2023 Economy Wholesale prices rose 0.7% in January, more than expected. Early in the war, thousands of pets were ferried out of danger, mostly to other European countries. Upcoming Seminars an Events; Seminar Calendar; Past Seminars and Events; People. These stocks should benefit as companies return to the U.S. Mon, Feb 27th 2023. Financiers, economists, and business leaders alike Continue Reading, ANI BANERJEE APRIL 14TH, 2021 EDITOR: DIVYA VEMULAPALLI In The Beginning, There Was Trade This is possibly the most familiar of all stories about modern Asia: a once poor Continue Reading, DAVIS KEDROSKY MARCH 18TH, 2021 EDITOR: RAINA ZHAO Overshadowed by the Wall Street Crash of 1929, the Depression of 1920-1921 appears, if at all, as a footnote to the Continue Reading, JAIDE LIN MARCH 15TH, 2021 EDITOR: AMANDA ZHANG Introduction When the$2.2 trillion coronavirus stimulus package was greenlit through bipartisan compromise in late March, the $260 billion in emergency unemployment Continue Reading, VASANTH KUMAR MARCH 4TH, 2021 EDITOR: ALLY MINTZER In his 2012 bid for the American presidency, Senator Mitt Romneys coreeconomic plan was to cut taxes by $4.8 trillion and Continue Reading, Berkeley Economic Review is the University of California, Berkeleys premier undergraduate, peer-reviewed, academic economics journal. The future outlook is at a level consistent with a coming recession. With new articles each week, Youngzine is another great resource for texts to share with students. That simple trend can seem terrifying since all Continue Reading, VASANTH KUMAR APRIL 30TH, 2021 EDITOR: SEBASTIAN MARSHALL The COVID-19 recession and subsequent policy response have made Jerome Powell an important authority figure. In January, median asking rent climbed 2.4%, which is the smallest increase since May 2021. Specify what you want, and that might be all youll get, whereas if you are vague. Using a US-based representative survey, we document that the majority of US households experience financial stress and that the stress drains valuable cognitive . The move seeks to help more women join the work force as industry leaders complain of labor shortages. Liam Lenten presents Some Sports Economics, a six-part video which uses sporting analogies to explain common economic concepts. Former President Donald Trump has avoided conviction again, after twice being impeached. Given that the third quarter real growth rate was only 0.6% on a quarterly basis, real GDP growth could turn negative for parts of 2022, while nominal GDP will most likely continue a positive trajectory. These wage hikes are contributing to rising input costs causing companies to raise output prices, feeding the current inflation rateitself, an economic concern. But maybe thats OK. Of critical important to global business is the relationship between the U.S. and China. Walmart, Home Depot are having trouble, too, How TV dinners changed American cooking, forever, Democratic AGs sue FDA to drop all remaining restrictions on abortion pill, FDA: Guillain-Barre syndrome is possible risk of Pfizer RSV shot for older adults, Fed needs more rate hikes to tame inflation, causing a recession, paper says, Fed's Mester says she has hope that inflation can fall without a recession, Key Fed inflation measure rose 0.6% in January, more than expected, Treasury yields rise after Fed's preferred inflation gauge shows larger-than-expected increase, OECD says global economic outlook 'slightly better' for 2023 but inflation risks linger, U.S. will create at least two chip manufacturing clusters by 2030, Raimondo says, Medicare rejects Alzheimer's Association ask for unrestricted treatment coverage, Moderna misses on earnings amid rising costs as Covid shot demand falls, Treasury yields dip as investors assess Fed policy outlook, Indonesia says it's working to become more resilient to U.S. inflationary shocks, Strategist says it's the 'last phase' of the bear market and names 3 stocks to buy, West Virginia aims to toss lawsuit seeking to overturn abortion pill restrictions, Republicans seek records on SEC's climate proposal as part of push against ESG, S&P 500 earnings beats hit a 15-year low. Because the proportion of unvaccinated people remains high, plus the weakening effects of the vaccines and the growth of new variants, Covid-19 cases continue to spike around the globe, creating new economic shocks, which will continue into 2022 and possibly even longer. Albanese describes Australia as presently in a productivity recession. 1/13/2021 - Democrats, 10 Republicans Vote for 2nd Impeachment Against Trump - The Epoch Times. We will update our global forecasts in the new World Economic Outlook coming out in early April. Arguments begin Tuesday over the Biden administration's roughly $400 billion plan to forgive federal student debt for tens of millions of borrowers, giving justices an opportunity to set strict. The pace of the economic recovery in 2021 hinges on the pace of vaccination. Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The revised second-quarter deficit was $238.7 billion. There are diamonds in the rough. In the fifth part of this series, Liam looks at. Got a confidential news tip? Late last month, President Biden signed a spending bill to avoid a government shutdown; however, tensions remain high as the Biden Administration tries to pass an economic bill. President Bidens choice to lead the Labor Department is the deputy to the incumbent, Martin J. Walsh, who is leaving the administration. With inflation running rampant, the big question is whether real GDP growth could turn negative on a quarterly basis in 2022. The supply change problems began with the outbreak of the pandemic when production in Wuhan, China, was shut down. Beginning Day. Economic growth is forecasted to be on track to close 2021 at an above-average pace, with real GDP expected to increase by 5.5% for the year. They're the chief reasons why Bloomberg Economics has lopped $1.6 trillion off its forecast for global GDP in 2022. Most of the reasons are bad. From a talk by Luigi Giussani at the Spiritual Exercises for University Students of Communion and Liberation (Riva del Garda, December 5, 1976), re-proposed at the CL Beginning Day on September 25, 2021. Got a confidential news tip? Copyright 2022 Berkeley Economic Review. But one thing remains clear: Supply chain problems now and in the future can hurt the economy by decreasing supplies and thereby escalating the cost of goods. While we can debate the causes and consequences of current inflation, there is little doubt the solution lies with the Federal Reserve and its Chairman Jerome Powell. The announcement and a link to download the paper can be . Rethinking supply chains, however, is broader than one country or region. The article, "The Evolving Impacts of COVID-19 on Gender Inequality in the U.S. Labor Market: The COVID Motherhood Penalty" co-authored by UConn Economics Professor Kenneth Couch, Robert Fairlie (Cal-Santa Cruz) and Huanan Xu (Indiana University South Bend) was selected as the Best Article published in Economic Inquiry in 2022.. Although output and investment in advanced economies are projected to return to pre-pandemic trends next year, they . Economic Fluctuations and Growth; Economics of Education; Environment and Energy Economics; Health Care; Health Economics; Industrial Organization; International Finance and Macroeconomics; International Trade and Investment; Labor Studies; Law and Economics; Monetary Economics; Political Economy; Productivity, Innovation, and Entrepreneurship . The 10 Most Popular Articles in 2021 (So Far) Leading through change, hybrid work environments, and developing strategy for the post-pandemic era are among the most popular topics for readers in recent months. This is absolutely possible. Beyond the current supply chain disturbances, there are deeper supply chain issues that must be addressed by companies in every industry: where to source and produce, and how to distribute around the world. We want to hear from you. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Reality Check. Global Outlook. Between 12 p.m. and 1 p.m., every single person in the economy will walk in Continue Reading, ZACHARY HAGEN-SMITH OCTOBER 20TH, 2022 EDITOR: SELINA YANG When I spoke with New York Assemblywoman Pat Fahy in September, she was days out from a press conference on her Continue Reading, JONATHAN LI AUGUST 30TH 2022 I. Business. Why put time limits on legislation? In the Shadow of the Slump: The Depression of 1920-1921, Water Finds the Leak: How Federal and State Governments Lost Billions to Pandemic Aid Fraud, Unbonded: Liz Truss and the collapse of trust in the British Parliament, LIV Golf: Startup Leagues and the Future of Sports. The central bank is likely to keep raising rates until it sees more success lowering inflation. China joins the lactose lovers. Articles, videos, lesson ideas, and workshops to help you bring current events into your financial literacy instruction. US inflation stays high as housing costs bite. The Nobel laureate economist discusses inflations slowdown, the G.O.P.s incoherent economic agenda and A.I.s impact on the labor market. The five articles collected below explore economic questions related to concrete health and environmental issues. If theres one thing we can say with certainty, its that economic forecasting is far from an exact science. While job growth continues to be very strong, the issue is a tight labor supply with more than 10 million job openings in the latest Bureau of Labor Statistics report but only 7.4 million unemployed. Current Events 10.18.2021 Julin Carrn. The New York Times, Lesson of the Day Join Dr. Glenn Hubbard, Dean Emeritus and Russell L. Carson Professor of Finance and Economics at the Columbia Business School at Columbia University, as he discusses how current events can be used in the classroom to help encourage students to view and analyze events through an economic lens. Student News Daily has six main categories: Daily News Article, World Events, Media Bias, Editorial, Editorial Cartoon, and News Quiz. Each news article includes comprehension questions, background information and additional resources (videos, maps, etc.). One can even equate this scenario to the shortage of masks and other PPEs during the outbreak of the COVID-19 pandemic. Get this delivered to your inbox, and more info about our products and services. HARRISBURG, PA - Department of Labor and Industry (L&I) Acting Secretary Jennifer Berrier announced that more than 400,000 people have successfully used Pennsylvania's new Unemployment Compensation (UC) system, roughly the . "What is Seen and What is Not Seen" by Frederic Bastiat Frederic Bastiat was a 19th century political economist and member of the French Assembly. The theory of production in the new era. 11 Ethics of the Far Future: Why Longtermism Does Not Imply Anti-Capitalism By Nathaniel Peutherer It has recently been argued that longtermism it at odds with capitalism. State IRA programs work toward closing the racial retirement savings gap, Fed needs more rate hikes to tame inflation, causing a recession, paper says, Key Fed inflation measure rose 0.6% in January, more than expected, OECD says global economic outlook 'slightly better' for 2023 but inflation risks linger, UK economy in 'a lot better shape' than bleak figures suggest, fund manager says, Consumer debt hits record $16.9 trillion as delinquencies also rise, Wholesale prices rose 0.7% in January, more than expected fueling inflation, Sanctions on Russian oil are having the 'intended effect,' IEA says, Retail sales jump 3% in January, smashing expectations despite inflation increase, Russia's deficit has surged. Opinions expressed by Forbes Contributors are their own. After China, India has become the second most attractive market for manufacturing which will also witness significant growth in this sunrise sector. More cost cuts are coming as companies play defense on profit margins, CDC advisors recommend mpox vaccine for at-risk adults in future outbreaks, Flu shot 68% effective against hospitalization in kids, less protective for seniors. This website has helped so much!! Where economic growth and inflation will net out. Search and discover microeconomic news from around the world. One certainty about economic forecasts is that, almost certainly, they will prove to be incorrect. Liam Lenten presents Part 5 of Some Sports Economics. Caroline R. Bastian. The Parade of Inequality: Investigating Exacerbated Disparities, The Fundamental Problem with US Environmental Policy, The Baby Buster Generation and the Economics of Fertility. "The Economics of Financial Stress". The State of Globalization in 2021. by. We want to hear from you. Commentary, analysis, insight from the Foundation for Economic Education. Abstract: We study the psychological costs of financial constraints and their economic consequences. It raises questions about the future. The U.S. economy added 517,000 jobs in January according to the jobs report, which was much higher than economists estimated. FinCap . There is a debate within the Fed over whether to raise interest rates more next month than the market has been expecting. The Watch for post-virus growth to sprout in some unexpected places. Liam Lenten explains why the government spends your money on sport. The 1990s obsession with the current account looks silly with hindsight, perhaps akin to our current one with fiscal deficits and surpluses. 5 Current Events Articles/ Questions (September Week4) By Current Events Corner. Against this backdrop, those who do change jobs are often able to secure higher pay, resulting in the recent largest increase in wages recorded over a 20-year period. Sign up for free newsletters and get more CNBC delivered to your inbox. Even in the midst of the economic downturn Keating was keen to defend the surplus. March 18, 2021. Tim Smart Feb. 24, 2023 The. Events; Books; Donate; Home; Economics; Politics; Culture; History; . All rights reserved. Econ Collection; Videos & activities: So Expensive Series; . A Division of NBCUniversal. Reports of their inevitable collapse are greatly exaggerated. Inflation was still hot in January, but some prices are cooling off Household debt hit record $16.9 trillion last quarter, as consumers loaded up their credit cards Highlights Producer prices rose. Now, the current economy is unprecedented, with strong growth, rapidly falling unemployment, and high inflation, but also a rapidly rising money supply, growing government debt, and an ongoing pandemic. Economic growth is forecasted to be on track to close 2021 at an above-average pace, with real GDP expected to increase by 5.5% for the year. With questions at the end, each article can be used as a case study or simply to ignite a discussion with your economics students. Why are economists experiencing such big mood swings? Although the Fed continues to view inflation as being the byproduct of excess demand and supply disruptions, such discussion does not point to a solution. Where economic growth and inflation will net out in 2022 remains uncertain due to the size, complexity, and uncertainty of the problems to be faced next year. Mon, Feb 27th 2023. Economy Economy Consumer Cheer Rises (With Inflation) The latest survey will add to concern the Federal Reserve needs to keep interest rates higher for longer. Engaging with current events is an essential part of educating young people to be informed and humane participants in a democracy. in 2022 remains uncertain due to the size, complexity, and uncertainty of the problems to be faced next year. It is written by Tyler Cowen and Alex Tabarrok, both of whom are professors at George Mason University. The audio of Fr. Efforts to fix the UKs failure to make more stuff and be more profitable focus too far up the chain. Given the recurrent threats of Covid-19, snarls in the supply chain might not be resolved in 2022, which is bad news for businesses and consumers, alike. To assist all candidates looking forward to appearing in competitive exams, we bring to you the list of important current affairs topics that have been in news in 2021 and 2022. All Economics Articles (by date) Page 1/8 | Showing results 1 - 16 of 114 Economic Ethics 2021, Vol. Ally MacDonald July 27, 2021 Reading Time: 3 min Find the latest news, videos, and photos on finance, industry trends, money, and more on NBCNews.com. Not only is this a humanitarian issue, but it could also disrupt supply chains if spiking Covid cases in certain economies spread around the world, further disrupting production and generating inflation. T. Norman Van Cott - Feb 08, 2020 Economics. The Inflation Story Has Changed Significantly. These factors, coupled with the continued threat of the pandemic and rising global political tensions, indicate a lot of risk and uncertainty in the economic climate, which business leaders must manage. Unfortunately, tensions have not relaxed. Bring The Times to Your Campus Campus Subscription Options Here are the top five economic concerns for next year and how they could potentially play out. Experimental design could be used to test other aspects of monetary policy, researchers say 14 Feb 2023; Macroeconomics; Spain's De Cos calls for greater ambition in EU fiscal . Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. Read more >, We are now accepting submissions for our Fall 2022 volume. Up-to-the-minute reflections on financial events that will impact your students' futures. How has US economy fared under President Biden? The internet is everywhere, except in the economic growth figures. As the coronavirus swept the world, closing . The largest risk facing the global economy in the coming year is the policies of the Federal Reserve with regards to managing inflation. They cant actually find much wasteful spending to cut. Workers have been hesitant to rejoin the workforce during the pandemic and, with an aging population, retirements are up. In the second part of this series, Liam gives. Microeconomics analyzes how individuals and businesses behave as they try to get the most they can for as little money as possible. The Biden administration has opted not to tax state payments to residents, a decision that could add to the nations fiscal woes. Age of scarcity begins with $1.6 trillion hit to world economy. Feb 27, 2023 . Economy February 18 Disney workers rebel against return to office mandate DIS Economy February 17 Sticky inflation opens door to steeper Fed rate hike in March Economy January 13 Economy. Andrew Keinsley, a doctoral student in the Department of Economics, is one of 480 students from 80 countries selected to attend the 5th Lindau Meeting of the "Laureates of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel," i.e., the Nobel Prize in Economic Sciences. Howe Institute said direct savings associated with . These stocks should benefit as companies return to the U.S. Treasury yields retreat after 2-year note reaches highest level since November, Can't figure out this economy? Economics is a field that remains difficult to grasp even for many adults, but it's vital for students to understand how financial concerns affect policy and problem solving. Data is a real-time snapshot *Data is delayed at least 15 minutes. Theory of firm under perfect competition. 2023 CNBC LLC. 8 Nov 2022. But economists say Moscow won't drain its war chest any time soon, Lawyer may have saved Biden's student loan forgiveness plan at Supreme Court, Key Georgia election official rips Marjorie Taylor Greene 'conspiracies' after tense meeting, A psychology expert shares the 7 toxic signs of 'highly insecure' peopleand how to deal with them, I've helped people land 6-figure salariesthese 5 job interview phrases got them hired 'on the spot', Russian mercenary boss says 'fierce resistance' in Bakhmut; Kyiv says fighters face 'insane pressure', U.S. inflation is likely 'far stickier' and could last a decade, Bill Smead says, Inflation report due Tuesday has the potential to deliver some bad news, Here's where the jobs will be during the rolling recessions, Black women are gaining ground in labor market but still face unique barriers, Heres where the jobs are for January 2023 in one chart, Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low, ADP: Private payroll growth slowed to 106,000 in January as weather hit hiring, Important wage inflation measure for the Fed rose less than expected in Q4, Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears, IMF hikes global growth forecast as inflation cools, household spending holds, Key Fed inflation measure eased in December; consumer spending also declined, U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom, Here's what you need to know about a blockbuster court fight over Cuba's debt, Federal Reserve Chairman Jerome Powell tests positive for Covid, Wholesale prices fell 0.5% in December, much more than expected; retail sales fall, As China reopens and data surprises, economists are starting to get less gloomy, Time for the Fed to declare victory on inflation? As we move into 2022, the pace of real economic. According to the Economic Survey 2022-23,. Ever wondered why the AFL doesnt charge more, Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. New research on social issues from Harvard Business School faculty on issues including when CEOs become activists, how children benefit from having a working mother, and harnessing employees' intrinsic goodwill. UC Berkeleys Premier Undergraduate Economics Journal, HANNAH SHIOHARA-OCTOBER 25, 2022 EDITOR: DENYSE CHAN The Parade Imagine you are at a parade. More information >. The solutions are both local and global, requiring business leaders to remain agile, while thinking strategically for the future. 1. It is important for people to understand economics . Economics Blogs Here are 100 Best Economics Blogs you should follow in 2023 1. Studies the decisions that households and businesses make, and the market outcomes that result. Discover The Timess growing library of curated content from influential educators around the world, recommended NYTimes.com articles, and real life teaching applications. 2 Nov 2022. The only policy that the White House might implement to slow down inflation would be raising taxes. Weather has an impact on the sales of certain products, and new research shows that timely adjustments in price and advertising can make it possible for firms to increase profits. A Division of NBCUniversal. More Than 400,000 People Have Successfully Filed for UC Benefits Using New System. As we move into 2022, the pace of real economic growth is expected to moderate, with a current consensus projection of 3.9%. A mix of economic reports this week is unlikely to provide any clarity on the strength of the economy, or the stickiness of inflation. Major principles of the economic welfare theory. A sprawling new program for the semiconductor industry is foremost about national security, but it will try to advance other priorities as well. Inflation today is driven by complex factors, beyond disrupted supply chains and increased consumer spending. Each article is written by economics teachers in a concise and engaging way. Sign up for free newsletters and get more CNBC delivered to your inbox. Paul Krugman Breaks It Down. 'One of the hottest start-up spaces in the US' Video, 00:03:57, 'One of the hottest start-up spaces in the US'. Trump rolls out 2024 trade policy that would 'tax China to build up America,' reward US producers. The Juice is an online news source designed for kids from fifth through twelfth grade. Thank-you for your submission. On this current events website you can find articles under science, technology and history categories. Dec 23, 2022. Climate Change May Cut US Forest Inventory by a Fifth This Century. Now, more than ever, it is important that the US and its allies stay united in confronting China. One cannot understand current inflation without taking into account the growth in the U.S. money supply. 11 Feb, 2023, 05.27 PM IST. Page 1 of 65 Results . Russia's invasion of Ukraine and China's Covid Zero lockdowns are disrupting supply chains, hammering growth and pushing inflation to forty-year highs.